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Cable Update (GBPUSD)

  • #321,981
  • Aug 20, 2012 11:31pm Aug 20, 2012 11:31pm
Quoting XTrade
She is persistent. I called for a break of this resistance on freaky Friday of last week.

Now that we are into Tues NYC EST or GMT-6

The week stands ahead full of possibilities.

I read the calendar for the week on Sat, but I need to update myself on what news may ROCK cable this week....
The 4hr bullish bars overall seem to be carrying less stress than the bearish ones though. Just my observation.
Come with me if you want to live....
  • #321,982
  • Aug 20, 2012 11:32pm Aug 20, 2012 11:32pm
Looking north. Not using fibs just simple support and resistance and PA.

I ditched a profitable aussie long to get long my first love cable....

She betta produce some action...

Yes we are in the summer doldrums, Gold is in a near 10 usd daily range and silver well that's a whole nother' story.

Come september I am looking for 100+ pip daily setups and hoping to revive my daytrading thread..........

Let's see if the London Boyz can push their own buck over the limit, otherwise I'm back to carrying aussie as she is coming up on some resistance I see breaking as well..........

CUMCANNON!!!!! AWESOME NAME- I would have gone into porn immediately with that.

Quoting Ill-b-back
Well, the 38.2 retrace I think was finally broken on Friday the week before last after acting as resistance all week. It then acted as good daily support all last week, so is maybe a level to watch for any clues of a southern break. Still in summer duldrums and I here Sept is an active month. Maybe something then...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,983
  • Aug 20, 2012 11:36pm Aug 20, 2012 11:36pm
ok so im in shock, i was certain this Cumcannon thing was a joke but googled the name and found a marriage. search

John CumcannonEllen Reynolds27 Jan 1850New Castle, New Castle

Dude im sorry if i offended you, but i never knew, never thought, didnt think, erm just dont know what to say

f'ing John Cumcannon, got to be the greatest name ever buddy
Money never sleeps...
  • #321,984
  • Aug 20, 2012 11:37pm Aug 20, 2012 11:37pm
Interim support confirmed in the 5690 area, I really don't see much of a problem with this resistance. But trade at your own risk..

What may be right for me may be wrong for YOU!.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,985
  • Aug 20, 2012 11:38pm Aug 20, 2012 11:38pm
you actually googled that!

It would be PERFECT IF IT WAS

DICK CUMCANNON. edit: or perhaps PETER CUMCANNON!

Wherever this dude is I hope he knows this is all in good fun.. B-----------> ~~~~~~~~~~~~~

Quoting inpatient
ok so im in shock, i was certain this Cumcannon thing was a joke but googled the name and found a marriage. search

John CumcannonEllen Reynolds27 Jan 1850New Castle, New Castle

Dude im sorry if i offended you, but i never knew, never thought, didnt think, erm just dont know what to say

f'ing John Cumcannon, got to be the greatest name ever buddy
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,986
  • Aug 20, 2012 11:43pm Aug 20, 2012 11:43pm
Quoting inpatient
all time classic FF posts these tonight. made my head ache i laughed so hard
Take care Inpatient, maybe a bex and lie down.
Got to go now back to work.
Cheers dude
Come with me if you want to live....
  • #321,987
  • Aug 20, 2012 11:44pm Aug 20, 2012 11:44pm
Quoting inpatient
ok so im in shock, i was certain this Cumcannon thing was a joke but googled the name and found a marriage. search

John CumcannonEllen Reynolds27 Jan 1850New Castle, New Castle

Dude im sorry if i offended you, but i never knew, never thought, didnt think, erm just dont know what to say

f'ing John Cumcannon, got to be the greatest name ever buddy

i am actually from Newcastle too so that is likely a family member of mine. i think the word Cannon is taken from a position in the Church and Cum is the Viking word for Cumbria in England so the name is The Cannon of Cumbria
  • #321,988
  • Aug 20, 2012 11:49pm Aug 20, 2012 11:49pm
PEACE!

Quoting Ill-b-back
Take care Inpatient, maybe a bex and lie down.
Got to go now back to work.
Cheers dude
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #321,989
  • Aug 21, 2012 12:23am Aug 21, 2012 12:23am
Quoting XTrade
PEACE!
Hey XTrade, don't get me wrong, we are still both looking for signs of the same bullish breakout, my bearish break info was just something the bears might consider.
Nothing's changed my end
I won't enter new trade until I get a swing signal, no more day trading for me. I'm in a hedge from last week I think, just waiting to offload it.
Come with me if you want to live....
  • #321,990
  • Aug 21, 2012 12:37am Aug 21, 2012 12:37am
Quoting Cumcannon
i am actually from Newcastle too so that is likely a family member of mine. i think the word Cannon is taken from a position in the Church and Cum is the Viking word for Cumbria in England so the name is The Cannon of Cumbria
Cannon of Cumbria, that is very very cool sounding to me.
Seriously dude I'm sorry, was not expecting it, I wouldn't make fun of someone's name on purpose, that is personal
Come with me if you want to live....
  • #321,991
  • Aug 21, 2012 12:51am Aug 21, 2012 12:51am
Building up shorts
short at 5726 waiting to hit that critical fib level 5735-40 to add more shorts
See the chart.Massive resistance at 5735-40 and frankly no real fundi reason for break up.
I really love this Fib indi and love to share it.Draws real good fibs.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #321,992
  • Aug 21, 2012 12:57am Aug 21, 2012 12:57am
Quoting Cumcannon
i am actually from Newcastle too so that is likely a family member of mine. i think the word Cannon is taken from a position in the Church and Cum is the Viking word for Cumbria in England so the name is The Cannon of Cumbria
im guessing u dont have a problem with the ladies?
  • #321,993
  • Aug 21, 2012 1:00am Aug 21, 2012 1:00am
Quoting Davit
Building up shorts
short at 5726 waiting to hit that critical fib level 5735-40 to add more shorts
See the chart.Massive resistance at 5735-40 and frankly no real fundi reason for break up.
Careful of that one. News at 9.30 and UK Government has reigned in the horns so much that the savings already reported here as greater than anticipated so figures may be a little...... err fudged. They have also reported that the savings have been so great that they now need departments and local government to start spending money.

Personally, I'm still bullish and following the H4 trend but do see a small retraction to 1.57 before climbing further north.
  • #321,994
  • Aug 21, 2012 1:09am Aug 21, 2012 1:09am
Cannon of Cumbria - I salute you for having the most awesome name

@gavalar - I agree with you, the numbers reported are going to be slightly adjusted....ahem!
  • #321,995
  • Aug 21, 2012 1:24am Aug 21, 2012 1:24am
Quoting Ill-b-back
Yep she's persistent. I'm very curious to see IF she gets to the 50 fib retrace above Junes high around 5781 or so and what happens if and when we get there.
it will break it..
if it get there..what entry is yur hedge shot and long?
  • #321,996
  • Aug 21, 2012 1:29am Aug 21, 2012 1:29am
Quoting nAVIN2007
it will break it..
if it get there..what entry is yur hedge shot and long?
it needs to get through the 350 - 500 barrier first and if it breaks the 50% fibo, there isnt much to stop it hitting 1.59
  • #321,997
  • Aug 21, 2012 1:34am Aug 21, 2012 1:34am
Quoting Davit
Building up shorts
short at 5726 waiting to hit that critical fib level 5735-40 to add more shorts
See the chart.Massive resistance at 5735-40 and frankly no real fundi reason for break up.
I really love this Fib indi and love to share it.Draws real good fibs.
Good call looking for good short today, since it missed yesterday took couple pips on short
Loosening is not an option
  • #321,998
  • Aug 21, 2012 1:40am Aug 21, 2012 1:40am
Quoting Vilkas
Good call looking for good short today, since it missed yesterday took couple pips on short
kind of hairy now but it will settle down.
Close your shorts on retrace
In trading, you have to be defensive and aggressive at the same time
  • #321,999
  • Aug 21, 2012 1:48am Aug 21, 2012 1:48am
Short at 1.5738, s/l 1.5763, t/p 1.5646
  • #322,000
  • Aug 21, 2012 1:52am Aug 21, 2012 1:52am
Quoting gavalar
it needs to get through the 350 - 500 barrier first and if it breaks the 50% fibo, there isnt much to stop it hitting 1.59

PA is with it...i will be surprised if it doesnt break the monthly previous high..im also certain it will..

weekly looking good, dailly candle yesterday is good..monthly previous fake..lets see..loads short as well is even better
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